Gold fell as the dollar held near the highest level in five years and investors reduced holdings in the largest exchange-traded product backed by the metal, curbing demand for a store of value. Silver rose.
Hedge funds raised bullish gold wagers to the highest in eight weeks as signs of stronger Chinese demand drove prices to the longest rally since August. Goldman Sachs Group Inc. says the gains will be short-lived.
Actual real world experience, evidence and academic research on the gold market are frequently ignored in favor of the simplistic and often the misleading. This will change in the coming years when there is a realization as to the importance of gold as a diversification and as a means of preserving wealth.